Business – Page 95
-
News
Join the exclusive cargo club at Farnborough International Airshow 2018
The organisers of the world famous Farnborough International Airshow 2018 have announced record monthly bookings for next year's event, which takes place on July 16-22.Air Cargo News will be in attendance and we are exclusively selling exhibition packages for the dedicated Cargo Village, which will feature some of the biggest ...
-
News
Kuehne+Nagel expects to make more perishables logistics acquisitions
Freight forwarder Kuhne+Nagel (K+N) is expecting further consolidation in the perishables logistics market after it yesterday announced the acquisition of two companies.Speaking shortly after announcing the company’s second-quarter results and the acquisition of two perishables forwarders, chief executive Detlef Trefzger said that K+N’s market share in the sector was “extremely ...
-
NewsUnited Airlines registers improvement in air cargo revenues and traffic
United Airlines saw air cargo revenues increase by more than 20% in the second quarter of the year as a result of improving freight traffic.The airline saw cargo revenues increase by 22.1% year on year during the second quarter of the year, while traffic was up 21.9% to 828m cargo ...
-
News
Freight forwarder K+N sets the pace as air volumes soar
Freight forwarder Kuehne+Nagel (K+N) saw airfreight volumes grow at almost double the market rate during the first half of the year, with performance improving during the second quarter.The Switzerland-headquartered freight forwarder saw first-half airfreight demand increase by 18% year on year to 731,000 tons, while the overall market increased by ...
-
News
K+N expands perishables network with US and Kenyan acquisitions
Kuehne + Nagel (K+N) has expanded its global perishables network with the acquisition of sector specialist forwarders Commodity Forwarders Inc. (CFI) in the US and Trillvane in Kenya.Switzerland-based K+N said that the two acquisitions would add more than 150,000 tons of annual perishables traffic to its network and “further strengthens ...
-
NewsDelta records first increase in quarterly cargo demand since 2015
Delta Air Lines has registered an improvement in quarterly airfreight traffic for the first time since the start of 2015.The Atlanta-based airline saw second-quarter cargo demand improve by 11.7% year on year to reach 554m cargo ton miles (CTM).It is the first time the airline has seen cargo traffic increase ...
-
News
Cathay to buy partner DHL's stake in Air Hong Kong
Asian airline Cathay Pacific is to buy the 40% stake held in freighter carrier Air Hong Kong (AHK) by joint venture partner DHL, the German-owned global logistics and express parcels operator.Cathay Pacific currently owns 60% of the AHK stock.In a Hong Kong Stock Exchange filing, Cathay Pacific and DHL confirmed ...
-
NewsAir cargo on the up in May, but growth could have peaked
Airfreight demand growth improved at a double-digit pace in May, but indicators suggest improvements have peaked.The latest statistics from airline association Iata show that air cargo demand in freight tonne km terms increased by 12.7% year on year in May, up from the 8.7% registered in April and well ahead ...
-
News
Rhenus swoops on Australian forwarder
The Rhenus Group has signed an agreement to purchase Australian freight forwarder O’Brien Customs and Forwarding, giving it its own presence in the market for the first time.The O’Brien family business handles air and sea freight consignments and provides customs and warehouse services and is headquartered in northern Melbourne.Rhenus chief ...
-
News
Kerry continues to build on China-Europe rail offering with shareholding in LPL
Kerry Logistics Network has acquired 50% of shares in Lanzhou Pacific Logistics (LPL) as it looks to further develop its China-Europe rail freight operations.Kerry Logistics will join China Railway Container Transport Company as a shareholder in LPL."The investment marks another strategic step in advancing Kerry Logistics’ expansion into the rail ...
-
NewsNew rate structure for cargo tenants at Chicago O'Hare
Chicago’s O’Hare International Airport (ORD) is to have a new uniform rate structure for aeronautical real estate leases.With several cargo and hangar leases set to expire in May 2018, the Chicago Department of Aviation (CDA) has reached agreements with a dozen airline and cargo carriers for new ground and facility ...
-
NewsTop 25 air forwarders 2016 revealed: DHL maintains top spot
DHL Global Forwarding, Kuehne+Nagel (K+N), DB Schenker and UPS maintained their position as the leading four airfreight forwarders in 2016, while DSV’s acquisition of UTi propelled it up the list (scroll to end for full list).The latest top 25 Global Freight Forwarders list from consultant Armstrong & Associates, based on ...
-
News
Atlas: first Amazon freighter to enter service "in this quarter"
Atlas Air Worldwide Holdings (AAWW) expects to place its first freighter aircraft into service for internet retail giant Amazon “soon in this quarter”.President and chief executive Bill Flynn, announcing the US-based freighter lessor's second quarter 2016 results, said: “We have secured all of the conversion slots and the vast majority ...
-
News
WCS17: IATA optimistic on growth but issues warning over protectionism
IATA director general and chief executive Alexandre de Juniac kicked off the 2017 World Cargo Symposium by speaking of the organisation’s optimism about demand growth but also warned that challenges remain.Providing a state of the industry outlook, de Juniac begin by outlining his “optimistic view” for future growth in air ...
-
News
Brexit: the economic perspective
Brexit means Brexit, but will it be a hard, soft, or red white and blue Brexit, and what are economic risks?Britain’s departure from the European Union ─ set your calendar for March 2019 ─ was a key theme in ‘Navigating global trade in turbulent times’, a seminar organised by SEKO ...
-
News
Brexit: the supply chain perspective
Britain leaving the European Union, or Brexit, will have a profound effect on UK-managed supply chains, with more paperwork, a rethink on hub locations, IT system challenges and a need to revisit existing contracts with suppliers and customers.But there are also opportunities, with Brexit providing the excuse for a totally ...
-
News
IATA prioritises quality in difficult times
Speaking at The 10th annual World Cargo Symposium (WCS) being held in Berlin this week (15-17 March), the director general and CEO of IATA, Tony Tyler, has called for further transformation in the airfreight sector, and pointed to greater quality of service as what he believes should be the priority ...
-
News
WCS17: Disruptors and Trump on the Abu Dhabi agenda
Transform today: shape tomorrow, that is the theme of IATA’s 11th World Cargo Symposium (WCS), which takes place in Abu Dhabi, March 14-16.After the success of Berlin in 2016, IATA wants to move the air cargo industry “from talk to action”.Three days of debate at the Abu Dhabi National Exhibition ...
-
News
WCS17: Innovation, building windmills in Abu Dhabi
Fasten your cargo seatbelts, we’re heading for a digital tornado as the airfreight industry embraces technological change.That was the clear message from the horizon innovation forum held in Abu Dhabi on the eve of the opening of today’s IATA World Cargo Symposium 2017 at the ADNEC exhibition and conference centre.The ...
-
News
WCS17: Optimism but beware potholes the size of a politician's ego
If you need one word to sum up the mood music of the first day of IATA’s World Cargo Symposium in Abu Dhabi, then that word is optimism, albeit with a few caveats circling overhead.The contrasting key factors discussed during the launch day’s plenary session included: trade protectionism, a growing ...